Saturday, April 11, 2009
Your children and grandchildren are really on the hook
SO WHY ARE WE SEEING TEA PARTIES NOW, rather than back in the Bush Administration? It’s important to note that we did see pushback on spending in the Bush years — e.g., the PorkBusters movement that Trent Lott became “damn tired” of — but this graphic may explain why people are more upset now. In terms of both trend and magnitude, things are really different now.
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If our government used GAAP accounting like corporations have to, the picture would be far bleaker than the above.
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